Namibia Asset Management Cash Flow Statement

Financials in millions NAD. Fiscal year is October - September.

Millions NAD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	12.44	11.03	12.93	10.78	13.73
Depreciation & Amortization	0.99	1.51	1.43	1.35	1.19
Loss (Gain) From Sale of Assets	-	-	-	-0	-
Loss (Gain) From Sale of Investments	-1.73	-1.59	-1.76	0.93	-1.64
Stock-Based Compensation	0.77	0.68	0.89	0.6	1.67
Other Operating Activities	0.53	0.07	0.56	0.62	1.92
Change in Accounts Receivable	-16.62	-0.94	20.98	1.02	-2.79
Change in Accounts Payable	5.59	2.58	-20.61	-4.93	-6.95
Change in Other Net Operating Assets	-0.03	0.02	0.07	-2.28	-
Operating Cash Flow	3.4	13.21	27.5	12.89	6.8
Operating Cash Flow Growth	-74.24%	-51.95%	113.43%	89.41%	-72.93%
Capital Expenditures	-0.09	-0.03	-0.01	-0.55	-0.07
Sale of Property, Plant & Equipment	-	-	-	0	-
Investing Cash Flow	-0.09	-0.03	-0.01	-0.55	-0.07
Long-Term Debt Repaid	-0.78	-1.21	-1.06	-1.3	-2.79
Net Debt Issued (Repaid)	-0.78	-1.21	-1.06	-1.3	-2.79
Issuance of Common Stock	-	0.23	0.9	-	0.1
Repurchase of Common Stock	-	-	-	-0.4	-0.14
Common Dividends Paid	-11.67	-11.85	-12.35	-12.88	-11.86
Other Financing Activities	-0.32	-0.06	-0.14	-0.2	-0.3
Financing Cash Flow	-12.76	-12.89	-12.65	-14.78	-15
Net Cash Flow	-9.44	0.29	14.84	-2.44	-8.26
Free Cash Flow	3.32	13.18	27.49	12.33	6.73
Free Cash Flow Growth	-74.82%	-52.06%	122.87%	83.25%	-73.06%
Free Cash Flow Margin	3.48%	15.77%	33.80%	13.69%	7.21%
Free Cash Flow Per Share	0.02	0.08	0.16	0.07	0.04
Cash Interest Paid	0.32	0.06	0.14	0.2	0.3
Cash Income Tax Paid	5.06	4.94	5.21	4.97	5.7
Levered Free Cash Flow	0.73	12.4	13.86	4.93	9.14
Unlevered Free Cash Flow	0.93	12.44	13.94	5.05	9.32
Change in Working Capital	-9.6	1.51	13.45	-1.4	-10.07